BPT 0.46% $1.65 beach energy limited

News: BPT Beach Energy Posts Qtrly Production 6.84 MMBOE

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    July 22 (Reuters) - Beach Energy Ltd (BPT) :

    • QTRLY PRODUCTION 6.84 MMBOE VERSUS 6.97 MMBOE
    • QTRLY SALES REVENUE $320 MILLION VERSUS $501 MILLION
    • EXPECTS FY20 UNDERLYING EBITDA TO BE MARGINALLY BELOW PRIOR GUIDANCE OF $1,175 MILLION
    • SEES FY20 UNDERLYING EBITDA TO BE MARGINALLY BELOW PRIOR GUIDANCE OF $1,175 MILLION
    • QTRLY SALES VOLUMES 7.13 MMBOE VERSUS 7.69 MMBOE
    • Q4 SALES REVENUE OF $320 MILLION WAS 26% LOWER THAN PRIOR QUARTER
    • TARGETING A 10% REDUCTION IN FIELD OPERATING COSTS/BOE IN FY21 RELATIVE TO FY19 LEVELS
 
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